Programa de Aceleração do Crescimento
| Portuguese: Novo Programa de Aceleração do Crescimento, Novo PAC | |
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| Development program overview | |
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| Formed | 28 January 2007 |
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| Jurisdiction | Federal government of Brazil |
| Motto | Portuguese: Desenvolvimento e sustentabilidade |
| Annual budget | R$60 billion |
| Development program executive | |
| Website | https://www.gov.br/casacivil/pt-br/novopac |
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The Programa de Aceleração do Crescimento (Growth Acceleration Program), better known as PAC, is a major infrastructure program of the Federal government of Brazil. The program was launched on January 28, 2007, by the Lula da Silva administration, consisting of a set of economic policies and investment projects with the objective of accelerating economic growth in Brazil. The program had a budget of $503.9 billion reais for the 2007-2010 quadriennium. The money pledged to be spent on this program was to be around R$ 500 billion (US $260 billion) over four years. However, by 2010 many projects remained mired in bureaucracy, and only 11% of the projects outlined in the plan had been completed, while just over half had not even been launched.[1]
The Rousseff administration continued the program under the name PAC-2. Following the 2022 Brazilian general election, Luiz Inácio Lula da Silva reformed the program under the name Novo PAC, having a total investment of R$1.7 trillion, with R$1.3 trillion being invested by 2026.[2][3]
Program structure
[edit]
The Growth Acceleration Program forecasts investments by the Federal government, state enterprises and the private sector in construction, sanitation, energy, transport and logistics. The program had an estimated budget of $503.9 billion reais for the 2007–2010 quadriennium.[4] The money pledged to be spent on this program was to be around R$ 500 billion (US $260 billion) over four years. However, by 2010 many projects remained mired in bureaucracy, and only 11% of the projects outlined in the plan had been completed, while just over half had not even been launched.[1]
PAC 2
[edit]PAC 2[5] was launched in March 2010 by President Dilma Rousseff. It was set up as a continuation of the original PAC, which was designed to last only four years. PAC 2 had a budget of R$1.59 trillion, and focused on the development of social and infrastructure sectors such as transportation, energy, health care, culture, and housing.
New PAC
[edit]On 11 August 2023, the Federal government of Brazil launched the Novo PAC, having a total investment of R$1,68 trillion, with an estimated R$1,3 trillion being invested by 2026,[6] with an annual investment of R$60 billion.[7] The new program has a focus on investments in infrastructure and social areas such as healthcare, education, sustainability, and transportation.[8][9]
See also
[edit]References
[edit]- ^ Jump up to: a b Prada, Paulo. "For Brazil, It's Finally Tomorrow". WSJ.
- ^ fernandoprandi (14 December 2023). "Novo PAC soma R$ 1,7 trilhão em investimentos e conta com parceria do setor privado". InfoMoney (in Brazilian Portuguese). Retrieved 28 January 2024.
- ^ "Novo PAC: Lula lança edital de R$ 65,5 bi em recursos para municípios". Agência Brasil (in Brazilian Portuguese). 27 September 2023. Retrieved 28 January 2024.
- ^ Com PAC, governo espera investimento de R$ 504 bi até 2010 Folha de S.Paulo. Retrieved on 2012-03-29. (in Portuguese).
- ^ "Qual a diferença entre PAC1 e PAC2? — Ministério do Planejamento, Desenvolvimento e Gestão". www.planejamento.gov.br (in Brazilian Portuguese). Retrieved 17 May 2017.
- ^ "Lula lança novo PAC com investimento de R$ 1,7 trilhão. Veja a lista de obras e valores por estados". O Globo (in Brazilian Portuguese). 11 August 2023. Retrieved 28 January 2024.
- ^ "Novo PAC será lançado em 11 de agosto com previsão de investimento anual de R$ 60 bilhões". Brasil de Fato (in Brazilian Portuguese). 26 July 2023. Retrieved 28 January 2024.
- ^ "Novo PAC". Casa Civil (in Brazilian Portuguese). Retrieved 28 January 2024.
- ^ Rittner, Daniel. ""Novo PAC" terá mais de mil projetos e exigência de conteúdo nacional em obras". CNN Brasil. Retrieved 2 February 2024.
External links
[edit]- Official website (in Portuguese)
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